Luther Corporation has been owned for six years with its stock held 60 percent by John (Stock basis of $162,000) and 40 percent by Alice (stock basis of S181,575). John and Alice are not related. Luther Corporation has the following assets on December 31, 2019: Adjusted Basis to Luther Corporation Fair Market value Cash. ...........................$ 8,100 .................................. 8,100 - Inventory ............................................ 113.400 ... ............... 40,500 - Office building ................... .......40,500 - Stock held for investment.................24,300 ......................... 42,000 in unrelated Corporation - Land.............. ............15,000 ............. ..39,300 - Equipment ........ .............. 270,000 ...................... 121,500 ... 162.000 The equipment was contributed to Luther Corporation 15 months ago as a capital contribution but has never been used in Luther's business operations since the shareholders were planning to liquidate Luther Corporation in the near future. At the time the equipment was contributed to Luther Corporation, it had an adjusted basis of $222,750 and a fair market value of $182,250. The inventory was manufactured by Luther Corporation. Structure a complete liquidation of Luther Corporation that will minimize any corporate tax liability to Luther Corporation and individual tax on the shareholders assuming that there is no potential buyer for any of Luther's assets. Give the tax consequences of your proposed liquidation to Luther Corporation and to both of its shareholders assuming a 21 percent tax rate on any gain recognized on the liquidation by Luther Corporation